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IKEJAHOTEL and ROYALEX bolster NGX ASI bullish recovery

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
May 28, 2021
in Markets, Stock Market
Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% , Investors gain N41.94 billion on Tuesday as Bulls make rebound, NSE: Bearish trade costa investors N12.2 billion on Tuesday, NEM, Mansard, First Bank lead gaining stocks as ASI grew 0.61%, Nigerian bourse breathes a sigh of relief, index up 0.17%, Bulls charged Nigerian bourse, ASI Index up 1.09% investors gain N128.49 billion, Bulls stage comeback has ASI up 0.19%, investors gain N21.86 billion, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls dominate Nigerian bourse investors gain N162 billion
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Nigeria’s stock exchange market posted profit at the end of today’s trading session. The All-Share Index increased by +0.56% to close at 38,256.95 from 38,044.58.

  • The Nigerian Stock Exchange market value currently stands at N19.95 Trillion. Its Year-to-Date (YTD) returns currently stands at -5.00%.
  • The market breadth closed positive as IKEJAHOTEL led 31 Gainers, and ACADEMY topped 14 Losers at the end of today’s session, showing a movement trending to the bulls.

Top gainers

  1. IKEJAHOTEL up +10.00% to close at N1.10
  2. ROYALEX up +9.46% to close at N0.81
  3. NEIMETH up +9.30% to close at N1.88
  4. JAPAULGOLD up +9.26% to close at N0.59
  5. MBENEFIT up +9.09% to close at N0.49

Top losers

  1. ACADEMY down -8.33% to close at N0.33
  2. LASACO down -7.69% to close at N1.44
  3. JOHNHOLT down -7.35% to close at N0.63
  4. PRESCO down -3.80% to close at N75.90
  5. BUACEMENT down -3.03% to close at N72.00

Outlook

  • Market sentiments trend bullish as 14 losers were surpassed by 31 gainers.
  • Nairametrics, however, advises cautious buying in this era of growing uncertainties

Follow us for Breaking News and Market Intelligence.
Ubah Jeremiah Ifeanyi

Ubah Jeremiah Ifeanyi

For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah

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